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    Question

    Suppose demand and cost function of a monopolist are Q =

    5 – 0.25P and C = 4Q+2. If government imposes a tax @10% of sales. What is the total tax revenue ?
    A 3.50 Correct Answer Incorrect Answer
    B 2.37 Correct Answer Incorrect Answer
    C 4.32 Correct Answer Incorrect Answer
    D 6.48 Correct Answer Incorrect Answer

    Solution

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